This exceptional investment opportunity presents a fee-simple, 5,710 square-foot Longhorn Steakhouse located at 3200 Macon Rd, Columbus, GA 31906. The property sits on a 1.06-acre lot and benefits from a strong absolute triple-net (NNN) lease with a franchisee tenant, offering zero landlord responsibilities. The lease, with a remaining term of six years, extends to November 27, 2030, and includes three, five-year renewal options. Built in 1980, this single-story building boasts 100% occupancy and generates a substantial net operating income (NOI) of $122,490, resulting in a compelling 6.45% cap rate. The asking price is $1,900,000, translating to $332.75 per square foot. The property enjoys a prime location less than 500 feet from I-185, providing excellent visibility and accessibility. Furthermore, the area demonstrates robust population growth, with a 7.9% increase within a five-mile radius since 2010, and projected growth continuing through 2028. The property's proximity to other national retailers, including Dunkin', McDonald's, and T.J. Maxx, further enhances its desirability. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a long-term lease and significant upside potential. The ground lease is in place, and the corporate guarantee from Darden Restaurants provides additional security.
Highlights
Longhorn Steakhouse in Columbus, GA, the third most populous city in the state.
Absolute triple-net (NNN) lease with zero landlord responsibilities.
Strong, committed tenant with early option exercise and robust sales.
Robust local population growth: 7.9% increase within a five-mile radius since 2010, projected 4.2% growth through 2028.
Proven long-term location with over 32 years of operation.
The property is located at 3201 Macon Rd Columbus, GA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Longhorn Steakhouse in Columbus, GA, the third most populous city in the state.; Absolute triple-net (NNN) lease with zero landlord responsibilities.; Strong, committed tenant with early option exercise and robust sales.
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Contacts
Michael Soleimani
Michael Grunberg
Nick Santagata
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Macon Rd Columbus, GA 31906
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Macon Rd Columbus, GA 31906
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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3201 Macon Rd
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